Contract award notice
Results of the procurement procedure
Section I: Contracting
authority
I.1) Name and addresses
British Business Financial Services Limited
Sheffield
UK
Contact person: Pete Binkiewicz
E-mail: Pete.Binkiewicz@British-business-bank.co.uk
NUTS: UK
Internet address(es)
Main address: http://british-business-bank.co.uk
I.2) Joint procurement
The contract is awarded by a central purchasing body
I.4) Type of the contracting authority
Body governed by public law
I.5) Main activity
Economic and financial affairs
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Framework Agreements for Fund Management Incorporating the Northern Powerhouse Investment Fund.
II.1.2) Main CPV code
66000000
II.1.3) Type of contract
Services
II.1.4) Short description
BBB is conducting this procurement to establish frameworks of fund managers for:
Lot 1 — equity funds where the authority is looking to commit between 100 000 000 GBP and 400 000 000 GBP across a number of funds;
Lot 2 — debt funds where the authority is looking to commit between 100 000 000 GBP and 400 000 000 GBP across a number of funds; and
Lot 3 — microfinance funds where the authority is looking to commit between 20 000 000 GBP and 80 000 000 GBP across a number of funds
It is anticipated that the first fund which will call off under the Framework Agreement by way of Mini-Competitions will be Northern Powerhouse Investment Fund (‘NPIF’), which is a fund of over £400 million to invest in smaller businesses and is subject to European funding. However the scope of the Framework extends to other funds which may be identified during the period of the Framework in the NPIF Area (including funds currently or previously operating as well as any new funds that become available).
II.1.6) Information about lots
This contract is divided into lots:
Yes
II.1.7) Total value of the procurement
Value excluding VAT:
400 000 000.00
GBP
II.2) Description
Lot No: 1
II.2.1) Title
Equity
II.2.2) Additional CPV code(s)
66000000
66100000
66120000
66122000
66190000
II.2.3) Place of performance
NUTS code:
UKE
UKD
UKC
Main site or place of performance:
Yorkshire and the Humber, North West (England), North East (England).
II.2.4) Description of the procurement
Equity funds where the authority is looking to commit between 100 000 000 GBP and 400 000 000 GBP across a number of funds. Each equity investment must be an investment in an SME in the NPIF Area and be an investment in a range size of 50 000 GBP to 2 000 000 GBP (unless otherwise agreed).
II.2.5) Award criteria
Quality criterion: Team
/ Weighting: 28
Quality criterion: Track record
/ Weighting: 28
Quality criterion: Infrastructure, systems and physical presence
/ Weighting: 12
Cost criterion: Financials
/ Weighting: 32
II.2.11) Information about options
Options:
No
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
Yes
Identification of the project:
Part funded by the European Regional Development Agency and the European Investment Bank.
II.2.14) Additional information
This lot is for a Framework Agreement with an envisaged maximum of 5 suppliers. The Framework Agreements will have a term of 4 years and call off contracts under the Framework will generally have a term of 5 years for the investment phase and 5 years for the realisation phase. The Authority will have the discretion to extend either or both of these phases for a further 2 years.
Lot No: 2
II.2.1) Title
Debt
II.2.2) Additional CPV code(s)
66000000
66100000
66120000
66122000
66190000
II.2.3) Place of performance
NUTS code:
UKE
UKD
UKC
Main site or place of performance:
Yorkshire and the Humber, North West (England), North East (England).
II.2.4) Description of the procurement
Debt funds where the authority is looking to commit between 100 000 000 GBP and 400 000 000 GBP across a number of funds. Each loan must be a loan to an SME in the NPIF Area and be a loan in a range size of 100 000 GBP to 750 000 GBP (unless otherwise agreed).
II.2.5) Award criteria
Quality criterion: Team
/ Weighting: 28
Quality criterion: Track Record
/ Weighting: 28
Quality criterion: Infrastructure, Systems and Physical Presence
/ Weighting: 12
Cost criterion: Financials
/ Weighting: 32
II.2.11) Information about options
Options:
No
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
Yes
Identification of the project:
Part-funded by the European Regional Development Agency and the European Investment Bank.
II.2.14) Additional information
This lot is for a Framework Agreement with an envisaged maximum of 5 suppliers. The Framework Agreements will have a term of 4 years and call off contracts under the Framework will generally have a term of 5 years for the investment phase and 3 years for the realisation phase. The Authority will have the discretion to extend either or both of these phases for a further 2 years.
Lot No: 3
II.2.1) Title
Microfinance
II.2.2) Additional CPV code(s)
66000000
66100000
66120000
66122000
66190000
II.2.3) Place of performance
NUTS code:
UKE
UKD
UKC
Main site or place of performance:
Yorkshire and the Humber, North West (England), North East (England).
II.2.4) Description of the procurement
Microfinance funds where the authority is looking to commit between 20 000 000 GBP and 80 000 000 GBP across a number of funds. Each microfinance loan must be a loan to an SME in the NPIF Area and be a loan in a range size of 25 000 GBP to 100 000 GBP (unless otherwise agreed).
II.2.5) Award criteria
Quality criterion: Team
/ Weighting: 28
Quality criterion: Track Record
/ Weighting: 28
Quality criterion: Infrastructure, Systems, Physical Presence
/ Weighting: 12
Cost criterion: Financials
/ Weighting: 32
II.2.11) Information about options
Options:
No
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
Yes
Identification of the project:
Part-funded by the European Regional Development Agency and the European Investment Bank.
II.2.14) Additional information
This lot is for a Framework Agreement with an envisaged maximum of 5 suppliers. The Framework Agreements will have a term of 4 years and call off contracts under the Framework will generally have a term of 5 years for the investment phase and 3 years for the realisation phase. The Authority will have the discretion to extend either or both of these phases for a further 2 years.
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Open procedure
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
Yes
Section V: Award of contract
Lot No: 1
Title: Equity
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
09/08/2016
V.2.2) Information about tenders
Number of tenders received: 15
Number of tenders received from tenderers from EU Member States: 0
Number of tenders received from tenderers from non-EU Member States: 0
Number of tenders received by electronic means: 15
The contract has been awarded to a group of economic operators:
Yes
V.2.3) Name and address of the contractor
AXm VC Limited
57G Randolph Avenue
London
W9 1BQ
UK
Telephone: +44 1614081818
E-mail: fredm@axmvc.co.uk
NUTS: UK
The contractor is an SME:
Yes
V.2.3) Name and address of the contractor
Enterprise Ventures Limited
Preston Technology Management Centre, Marsh Lane
Preston
PR1 8UQ
UK
Telephone: +44 7946547618
E-mail: jv@evgroup.uk.com
NUTS: UK
The contractor is an SME:
Yes
V.2.3) Name and address of the contractor
Foresight Group LLP
The Shard, 32 London Bridge Street
London
SE1 9SG
UK
Telephone: +44 2037636908
E-mail: swood@foresightgroup.eu
NUTS: UK
The contractor is an SME:
Yes
V.2.3) Name and address of the contractor
Maven Capital Partners
Queens Chambers, 5 John Dalton Street
Manchester
M2 6ET
UK
Telephone: +44 1612333512
E-mail: ryan.bevington@mavencp.com
NUTS: UK
The contractor is an SME:
Yes
V.2.3) Name and address of the contractor
Viking Fund Managers c/o Finance Yorkshire
1 Capitol Court, Capitol Business Park, Dodworth
Barnsley
S75 3TZ
UK
Telephone: +44 7808041473
E-mail: d.gray@vikingfundmanagers.co.uk
NUTS: UK
The contractor is an SME:
Yes
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 400 000 000.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Lot No: 2
Title: Debt
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
09/08/2016
V.2.2) Information about tenders
Number of tenders received: 11
Number of tenders received from tenderers from EU Member States: 0
Number of tenders received from tenderers from non-EU Member States: 0
Number of tenders received by electronic means: 11
The contract has been awarded to a group of economic operators:
Yes
V.2.3) Name and address of the contractor
FW Capital Ltd
Lowry House, 17 Marble Street
Manchester
M2 3AW
UK
Telephone: +44 1616389210
E-mail: gary.guest@fwcapital.co.uk
NUTS: UK
The contractor is an SME:
Yes
V.2.3) Name and address of the contractor
Maven Capital Partners LLP
Queens Chambers, 5 John Dalton Street
Manchester
M2 6ET
UK
Telephone: +44 1612333512
E-mail: ryan.bevington@mavencp.com
NUTS: UK
The contractor is an SME:
Yes
V.2.3) Name and address of the contractor
EV Business Loans Limited
Preston Technology Management, Centre Marsh Lane
Preston
PR1 8UQ
UK
Telephone: +44 1772270584
E-mail: pt@evgroup.uk.com
NUTS: UK
The contractor is an SME:
Yes
V.2.3) Name and address of the contractor
Alliance Fund Managers Limited
2nd Floor, Exchange Court, 1 Dale Street
Liverpool
L2 2PP
UK
Telephone: +44 1512426344
E-mail: lisa.greenhalgh@msif.co.uk
NUTS: UK
The contractor is an SME:
Yes
V.2.3) Name and address of the contractor
Rivers Capital Partners Limited
34 Moor Crescent, Gosforth
Newcastle upon Tyne
NE3 4AP
UK
Telephone: +44 1912306370
E-mail: j.gold@riverscap.com
NUTS: UK
The contractor is an SME:
Yes
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 400 000 000.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Lot No: 3
Title: Microfinance
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
09/08/2016
V.2.2) Information about tenders
Number of tenders received: 4
Number of tenders received from SMEs: 4
Number of tenders received from tenderers from EU Member States: 0
Number of tenders received from tenderers from non-EU Member States: 0
Number of tenders received by electronic means: 4
The contract has been awarded to a group of economic operators:
Yes
V.2.3) Name and address of the contractor
Business & Enterprise Finance Ltd
Devere House, Vicar Lane
Bradford
BD1 5AH
UK
Telephone: +44 1274207217
E-mail: stephen.waud@befund.org
NUTS: UK
The contractor is an SME:
Yes
V.2.3) Name and address of the contractor
BFS Funding Managers Ltd
1st Floor Churchgate House, 56 Oxford Street
Manchester
M1 6EU
UK
Telephone: +44 1612454715
E-mail: gary.pennington@b-f-s.org.uk
NUTS: UK
The contractor is an SME:
Yes
V.2.3) Name and address of the contractor
Creative England Limited
1st Floor, College House, 32-36 College Green
Bristol
BS1 5SP
UK
Telephone: +44 1179529975
E-mail: mehjabeen.patrick@creativeengalnd.co.uk
NUTS: UK
The contractor is an SME:
Yes
V.2.3) Name and address of the contractor
Rivers Capital Partners Limited
34 Moor Crescent, Gosforth
Newcastle upon Tyne
NE3 4AP
UK
NUTS: UK
The contractor is an SME:
Yes
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 80 000 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.3) Additional information
The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement. British Business Bank (BBB) is the United Kingdom's government-owned economic development bank that makes finance markets for smaller businesses work more effectively, allowing those businesses to prosper, grow and build UK economic activity. The BBB group manages and invests in access to finance programmes for smaller businesses within a single commercially-minded institution. The Authority is a wholly owned subsidiary of BBB and its purpose is to manage certain schemes for BIS, including NPIF.
To view this notice, please click here:
https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=214111137
GO Reference: GO-2016830-PRO-8711315.
VI.4) Procedures for review
VI.4.1) Review body
The High Court of England and Wales
London
UK
VI.4.2) Body responsible for mediation procedures
British Business Bank
Foundry House, 3 Millsands
Sheffield
S3 8NH
UK
VI.5) Date of dispatch of this notice
30/08/2016